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Tesla's China-Made Electric Vehicle Registrations Plunged 24% In July

TSLA) Shanghai-made electric vehicles slumped 24% month-on-month in China in July, according to a state-backed industry body.

reported by Bloomberg.” data-reactid=”20″>What Happened: The Elon Musk-led automaker saw 11,456 EV registrations in the country in the month, according to data from China Automotive Information Net, as earlier reported by Bloomberg.

This was a 24% decrease over the 14,976 units that were registered in June, as per CAIN data.

a record month for Tesla in China. The automaker had overall 61,217 vehicles registered in the country as of July-end, according to CAIN.” data-reactid=”22″>It’s worth noting that June was a record month for Tesla in China. The automaker had overall 61,217 vehicles registered in the country as of July-end, according to CAIN.

NIO) quadrupled to 3,533 in July, according to CAIN.

BAMXF) and Mercedes parent Daimler AG (OTC: DDAIF), are also gearing up to launch electric models, Bloomberg noted.

LI) raised .1 billion in its New York initial public offering late last month.

Tesla has been actively hiring in China as it prepares to start Model Y production in the country, according to a Reuters report.

 

 

 

 

 

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